Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Rational who wrote (19588)	12/27/2004 1:15:41 PM
From: mishedlo	Read Replies (2) of 116555

I have said all along that low interest rates will continue due to excessive creation of money everywhere, and that the virtually inflated dollar will continue to fall in relation rest of global currencies, and that American real estate prices will continue to rise. Japan lowered interest rates to zero and expanded money supply to boot as well. The YEN also fell vs the US$ form much of the time Japanese real estate was falling, 18 years and counting. Why should the US behave any differently? You keep saying that houses will keep rising while affordability drops (unless you maintain wages are going to start heading back up). I strongly disagree that housing prices will keep rising as affordability drops. You ignore debt levels, property taxes, falling real wages, and all time low savings rates. It is a theory with no cohesive logical reason behind it if one looks at ALL the facts rather than just one or two. Mish

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